Not sure the Fed has enough electronic digits to cancel the effects of $5 trillion going !poof!. And what if it's more than $5 trillion? When it comes to the Chinese government, I always assume things are much worse than what meets the eye.

I had my doubts, but wrs informs me that there are these things called "greenbacks". Instead of borrowing money, the Federal Government issues treasury notes which are legal tender but are debt free. In fact, I am surprised that the Government hasn't avoided the $19T by simply issuing these treasury notes as needed. Why it makes one suspicious that big banks run our whole government.